Dana Investment Advisors Inc. Acquires 419,429 Shares of Cross Country Healthcare, Inc. $CCRN

Dana Investment Advisors Inc. increased its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 71.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,008,525 shares of the business services provider’s stock after purchasing an additional 419,429 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Cross Country Healthcare were worth $8,169,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after buying an additional 1,142 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Cross Country Healthcare by 422.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after buying an additional 2,899 shares in the last quarter. Vazirani Asset Management LLC bought a new position in Cross Country Healthcare in the third quarter worth approximately $142,000. Brooklyn Investment Group raised its stake in Cross Country Healthcare by 228.9% in the third quarter. Brooklyn Investment Group now owns 10,583 shares of the business services provider’s stock worth $150,000 after buying an additional 7,365 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Cross Country Healthcare in the third quarter worth approximately $160,000. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CCRN shares. Citigroup downgraded shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Truist Financial boosted their price objective on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a research note on Monday, May 11th. Benchmark downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cross Country Healthcare in a research note on Friday, March 27th. Finally, Cross Research set a $14.00 price target on Cross Country Healthcare in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $12.72.

Cross Country Healthcare Stock Performance

Shares of CCRN stock opened at $13.13 on Friday. The business’s fifty day simple moving average is $10.20 and its 200-day simple moving average is $9.69. The company has a market cap of $424.49 million, a PE ratio of -4.30, a PEG ratio of 13.47 and a beta of 0.35. Cross Country Healthcare, Inc. has a 12-month low of $7.43 and a 12-month high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $241.06 million for the quarter, compared to the consensus estimate of $237.07 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. On average, equities analysts forecast that Cross Country Healthcare, Inc. will post 0.1 earnings per share for the current year.

Cross Country Healthcare Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.